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IMF: Italy better than Germany, GDP + 4.9% in 2021

2021-07-27T13:43:45.576Z


The IMF revises Italy's growth estimates for 2021 and 2022 upwards. After the contraction of 8.9% in 2020, the GDP of Italy is expected to grow this year by 4.9%, or 0, 7 percentage points higher than the + 4.2% expected in April. (HANDLE)


(ANSA) - NEW YORK, JUL 27 - The IMF revises Italy's growth estimates for 2021 and 2022. After the contraction of 8.9% in 2020, the Italian GDP is expected to grow this year by 4 , 9%, or 0.7 percentage points higher than the + 4.2% expected in April. In 2022, the Italian economy is expected to grow 4.2%, 0.6 percentage points more than the April forecasts. Italy thus runs faster than Germany, whose GDP is expected to grow by 3.6% this year and by 4.1% next.


    The Italian public debt is expected to reach 157.8% of the GDP in 2021, while the deficit is estimated at 11.1%, up by 2.3 percentage points compared to the 8.8% forecast in April.


    The risks to the global economic recovery are on the downside, although more widespread access to vaccines could improve the outlook. "The emergence of highly contagious new variants could derail the recovery and wipe out $ 4.5 trillion from GDP by 2025". (HANDLE).


Source: ansa

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